I purchased a $10,000 Level 4 options trading account with Vanquish Trader. During trading, my account hit the drawdown limit even though my risk was properly defined and covered through a spread strategy. From my observation, this appeared to be related to bid-ask pricing behavior, which significantly impacted the account equity calculation.To their credit, they did provide a reset after I raised the issue. However, the $10K Level 4 account itself offers very limited flexibility for trading complex option strategies. Practically, there is almost no room to manage trades effectively within the drawdown constraints.Another concern is their account sizing structure. They only offer a $10K and a $50K Level 4 options account, with nothing in between. It is unclear why there is no intermediate option, as the gap is quite large.The most disappointing aspect has been customer support. Before purchasing, responses were quick and helpful. After the purchase, support became extremely slow, sometimes taking days to respond. This inconsistency in service is a major red flag for me.Overall, my experience has been mixed, but the post-purchase support and account structure are significant concerns.
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